Stonepath Secures Contract With U.S. Military Surface Deployment and Distribution Command
March 10 2006 - 7:52AM
PR Newswire (US)
SEATTLE, March 10 /PRNewswire-FirstCall/ -- Stonepath Group
(AMEX:STG), the global logistics services organization, today
announced that it has been awarded a significant transportation
contract by the United States Military Surface Deployment and
Distribution Command (SDDC) to support its less-than- truckload
surface transportation requirements throughout North America. The
Indefinite Delivery Indefinite Quantity (IDIQ) contract guarantees
a minimum of $345,000 in revenue with a potential of up to $21
million in revenue over a three-year period. Dennis Pelino,
Chairman of Stonepath, remarked, "We are very excited that the SDDC
has chosen Stonepath. This is another important win for our
Government Services division, which has been providing a full-range
of logistics services to the United States military in the Middle
East and for U.S.-supported relief efforts worldwide. We look
forward to supporting the SDDC and to growing this relationship
over time." Headquartered in Alexandria, Va., with its Operations
Center at Fort Eustis, Va., the Military Surface Deployment and
Distribution Command is responsible for the global, joint movement
of combat units, sustainment cargo, service member household goods
and privately owned vehicles. About Stonepath Group (AMEX:STG)
Stonepath (www.stonepath.com) is a global, third-party logistics
organization providing a full range of transportation and
distribution solutions to multinational and local businesses.
Through strategic acquisitions and strong organic growth, the
Company has expanded rapidly, establishing a network of owned
operations throughout North America, the Asia Pacific region and
Latin America. For more information about the Company, please
contact John Brine at (212) 254-8280. DATASOURCE: Stonepath Group
CONTACT: John Brine, +1-212-254-8280, for Stonepath Group Web site:
http://www.stonepath.com/
Copyright
Stonepath (AMEX:STG)
Historical Stock Chart
From Jun 2024 to Jul 2024
Stonepath (AMEX:STG)
Historical Stock Chart
From Jul 2023 to Jul 2024
Real-Time news about Stonepath Grp. (American Stock Exchange): 0 recent articles
More Stonepath Grp. News Articles